Uganda Treasury bills · auction of 11 October 2018
Uganda T-bill auction, 11 October 2018: 364-day at 13.50%, up 171 bps
At the Treasury bill auction dated 11 October 2018, the Bank of Uganda cleared the 364-day bill at 13.50% (up 171 basis points). The rate shown is the money-market yield at the cut-off price.
The auction was fully subscribed: bids totalled UGX 213.7bn against UGX 145.0bn on offer, 147% of the amount sought, and UGX 145.0bn was accepted.
Over the past year the 364-day rate has ranged from 9.04% to 14.50%.
A year earlier the 364-day bill cleared at 11.30%, so the government is paying 220 basis points more than twelve months ago.
What this means for UGX 10,000,000
Worked from the published rate · information, not advice
UGX 1,350,100 in 12 months on the 364-day bill
Put UGX 10,000,000 into the 364-day bill at this auction and you get back UGX 11,350,100 after 12 months: UGX 1,350,100 in interest before any withholding tax, about UGX 112,508 a month.
That is UGX 171,300 more than the same money would have earned at the previous auction.
The government pays the full amount at maturity; the risk is Uganda’s government not paying, and the money is locked until then.
Kwa Kiswahili
Ukiweka UGX 10,000,000 kwenye hati ya siku 364 kwa riba ya mnada huu, utarudishiwa UGX 11,350,100 baada ya miezi 12: riba ya UGX 1,350,100 kabla ya kodi yoyote ya zuio, yaani takriban UGX 112,508 kwa mwezi.
Hiyo ni UGX 171,300 zaidi ya kiasi ambacho pesa hiyo hiyo ingepata kwenye mnada uliopita.
Serikali hulipa yote mwishoni mwa muda; hatari ni serikali kushindwa kulipa, na pesa haipatikani hadi muda uishe.
Results
By tenor
| Tenor | Rate | Previous | Offered | Bids | Accepted |
|---|---|---|---|---|---|
| 364-day | 13.501% | 11.788% | UGX 145.00bn | UGX 213.74bn | UGX 145.00bn |
Source: Bank of Uganda result · money-market yield at the cut-off price
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Afronomics (2026). Uganda Treasury bill auction, 11 October 2018, compiled from the Bank of Uganda. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/uganda/2018-10-11
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